WIOF fund takes five stars

Cornhill Management’s WIOF South-East Asia Performance Fund has been recognized for its outstanding performance by international fund ratings agency Morningstar.

The fund has been given a five star rating by the agency in its fund ratings for April after its performance (A Class) put it in the top 10% of its peers in Morningstar’s ASEAN Equity category.

The rating is the highest given by the agency for a fund and is based on risk-adjusted return. Morningstar calculates ratings for three-, five-, and 10-year periods and an overall Morningstar rating is then given based on a weighted average of the available time-period ratings.

Cornhill’s WIOF Global Listed Utility Fund and its WIOF Latin American Performance Fund were also awarded four star ratings by Morningstar for April.